This policy covers the losses incurred from unexpected claims to the contractors’ plants and machinery during the operational or maintenance period against fire, theft, robbery, collisions, fault operation, and misuse by inexperienced labour.

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This policy covers the losses incurred from unexpected claims to the contractors’ plants and machinery during the operational or maintenance period against fire, theft, robbery, collisions, fault operation, and misuse by inexperienced labour.

Damage or loss of expensive Contractors Plant & Machinery Insurance is a significant material loss for small construction contracting business because these machines represent such a huge investment.

Contractors Plant and machinery insurance protects construction work from these losses, so learning about the advantages of this type of insurance to determine whether your business needs it or not is a necessity now.

What is Contractors Plant & Machinery Insurance?

A contractor machinery and equipment insurance policy is a policy that covers the work of factories and contractors on construction sites, which serves them when losses occur covered within the policy.

What is the coverage of the Contractors Plant and machinery insurance policy?

Below we offer you most of the coverages offered by Contractors Plant & Machinery Insurance:

The insurance policy covers losses that occur in plant equipment and contractors' machinery at the construction site, which only provides its service when it moves and is under the control of the operator. This includes:

  • Forklifts.

  • Rigs.

  • Mobile cranes.

  • Tractors.

Mobile Construction Machinery

This includes all self-propelled machines, including:

  • Earthmoving machines (loaders, scrapers, bulldozers, graders, excavators, trenchers, wheel excavators, tractors)

  • Mobile tunneling and mining machinery.

  • Equipment for road surface finishes, compressors and rollers.

  • Trench hammers, mobile excavators for digging trenches.

  • Mobile cranes.

  • Mobile transport systems.

  • Mobile power generation equipment.

  • Mobile auxiliary factory.

  • Special purpose material handling machines.

Fixed Stations

  • Under the category of persistent plants, we cover the following:

  • Conveyor systems.

  • Concrete batching plants.

  • Asphalt mixing plants.

  • Tower cranes.

  • Power generation and distribution equipment for construction sites.

What are the benefits of the Contractors Plant & Machinery Insurance Policy?

The Contractors Plant & Machinery Insurance Policy protects you from accidental and unforeseen material loss or damage resulting from any cause - other than those specifically excluded after being mentioned in the policy - to construction plants and machinery whether they are:

  • Insured items at work or at rest.

  • Or they are dismantled for the purpose of cleaning or repair.

  • Or in the course of the above processes themselves.

  • Or in the context of subsequent reconstruction.

What are the exclusions not covered by the Contractors Plant & Machinery Insurance Policy?

The following are some common exceptions that are not covered by this document, knowing that you should refer to the policies of the document specifically to identify all the exceptions:

  • Loss or damage that occurs outside the boundaries of the work area.

  • Equipment licensed for road use as defined in the Road Traffic Law.

  • Equipment during transportation (including loading and unloading process).

  • Equipment used in:

  • Race or speed test.

  • Passenger.

  • Towing a trailer or towing any vehicle unless that vehicle is towed for a reward.

  • Not on your business list.

  • Equipment operated by a licensed worker under the influence of drugs.

Operation of equipment on board any waterborne vessel.

Consequential loss or liability of any kind.

Accidents resulting from:

  • Wear, wear, gradual deterioration or mold as a result of insects or any cleaning, dyeing, repair, restoration or renovation process.

  • War, deliberate acts of sabotage, hostilities, war operations or civil war.

  • Rebellion, strikes, riots, civil unrest, disobedience, rebellion, martial law or state of siege or any of the events or reasons determining the proclamation or preservation of martial law or the state from a siege.

  • Delay, seizure, confiscation or arrest by government authorities.